Word: repayment
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Citigroup, in an effort to improve its bottom line and repay the government, has put a "For Sale" sign on numerous pieces of its business, downsizing what once was the nation's largest bank. Citi's executives are taking a decidedly different tack in trying to rescue their firm than their competitors, and some analysts question whether the downsizing alone will be enough to turn around the bank...
...parallels extend even to New York’s financial system. Just as Bloomberg goes on a ferocious diet after seeing an unflattering photo of himself, Wall Street has almost completely abstained from giving out loans. Considering the way banks used to court risk-taking businesses clearly unable to repay them, this is a diet of the highest magnitude. Likewise, after getting tied up in highly leveraged purchases of their own homes, American consumers have been forced to get thriftier. History Professor Niall C.D. Ferguson has even warned that New York may go the way of Venice and become just...
...people why they have sex, reproduction is not always mentioned. So there's a separation between why the behavior evolved and why the actors actually engage in it. The same is true for altruistic tendencies. You share food with your kin. You share food with individuals who may repay the favor. So the sharing behavior evolved for self-interested reasons. But that doesn't mean that the individual actor, at the moment that he does it, is thinking of the potential benefits...
...changes in the rules that will allow sales of larger vehicles like pickup trucks through a separate loophole that permits automakers to "borrow" credits from the future. Kliesch says the flexibility is fine but asks where the guarantee is that the companies will make good on promises to repay borrowed credits. "That's why you need some kind of backstop [in the rules] to make sure the companies actually meet the standards," says Kliesch...
...would the leader of a rogue state the U.S. still lists as a sponsor of terrorism want to play do-gooder for a Western power? In large part to repay Sarkozy for the French leader's decision to reach out to Assad in 2008 with an invitation to France's Bastille Day events. Late last year, Sarkozy renewed that embrace with a visit to Damascus, and in January he sought Assad's help in ending the fighting in Gaza...